Ever since the up-and-coming Thomson-East Coast MRT Line was announced, a number of new properties along the upper thomson stretch have been launched to good, if not resounding, response.
New residential developments which will be ready within the next few years include Thomson Grand, Thomson Three and now, Thomson Impressions. These are all situated within walking distance of the Bright Hill and Upper Thomson stations. Units launched and priced under $1 million have almost all been snapped up as property analysts hint at a possible million dollar sweet spot for most buyers and investors.
Photo: Thomson Three
Smaller units such as one- and two-bedders were particularly popular. At Thomson Impressions, one-bedders start at $670,000 and two-bedders $980,000. Apartment sizes range from 68 to 71 sq m for the two-bedroom apartments, comparable to sizes of three-room HDB flats. Thomson Impressions is made up of 100 one-bedders, 72 two-bedders, 106 three-bedders plus 5 penthouses and 5 strata-landed homes.
Prices are fairly affordable, especially for HDB upgrades who typically go for private properties below $1.2 million. Previously, units at Thomson Three which were priced at around $1,400 psf, sold quickly as well. There are currently only 8 units left. Smaller projects with under 300 units tend to sell well, especially if the location is prime and are near a number of good schools. Ai Tong primary school, Catholic High School, St. Nicholas Girls’ School, Raffle Instituition are all within the district or nearby towns.
Compared to larger mass market projects, these smaller developments also have the advantage of exclusivity, and much lower competition in terms of resale and leasing.
The 19-storey Thomson Impression is situated in Lorong Puntong and is expected to be completed by 2019.